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I think the most important thing that we should learn from the many failures of the dotcom craze is that the business has to be a good business *first* and it just happens to be online. The "if we build it they will come" attitude of so many brick-and-mortar stores who decided to make an online version without knowing anything about the web market, and the "we can just make all our money on advertising" models are both proving to be duds. I sure have gotten a lot of good deals at Buy.com in the meantime, but some poor venture capitalist is paying for that!
More and more research seems to be pointing to customer service as the key to a successful dotcom, although there's no denying that shoppers are fickle and very price-sensitive, too. I say this all as the co-founder of a dotcom startup--not that we're in the black yet or anything
I'd be happy to share what I've learned if you're interested...
Good luck!
brenda
More and more research seems to be pointing to customer service as the key to a successful dotcom, although there's no denying that shoppers are fickle and very price-sensitive, too. I say this all as the co-founder of a dotcom startup--not that we're in the black yet or anything
I'd be happy to share what I've learned if you're interested...Good luck!
brenda
Originally posted by 98BlaximaSE
saddy enough thats true.
Originally posted by maxse91
the only business thats gonna definatly make money on the internet is **** lol lol
the only business thats gonna definatly make money on the internet is **** lol lol

/aac
Originally posted by WZLY
I think the most important thing that we should learn from the many failures of the dotcom craze is that the business has to be a good business *first* and it just happens to be online. The "if we build it they will come" attitude of so many brick-and-mortar stores who decided to make an online version without knowing anything about the web market, and the "we can just make all our money on advertising" models are both proving to be duds. I sure have gotten a lot of good deals at Buy.com in the meantime, but some poor venture capitalist is paying for that!
More and more research seems to be pointing to customer service as the key to a successful dotcom, although there's no denying that shoppers are fickle and very price-sensitive, too. I say this all as the co-founder of a dotcom startup--not that we're in the black yet or anything
I'd be happy to share what I've learned if you're interested...
Good luck!
brenda
I think the most important thing that we should learn from the many failures of the dotcom craze is that the business has to be a good business *first* and it just happens to be online. The "if we build it they will come" attitude of so many brick-and-mortar stores who decided to make an online version without knowing anything about the web market, and the "we can just make all our money on advertising" models are both proving to be duds. I sure have gotten a lot of good deals at Buy.com in the meantime, but some poor venture capitalist is paying for that!
More and more research seems to be pointing to customer service as the key to a successful dotcom, although there's no denying that shoppers are fickle and very price-sensitive, too. I say this all as the co-founder of a dotcom startup--not that we're in the black yet or anything
I'd be happy to share what I've learned if you're interested...Good luck!
brenda
Originally posted by wesley
I want to open my own online business. What type of business do you guys think would be successful??
I want to open my own online business. What type of business do you guys think would be successful??
The key is to know what you want, who you want it to go to, and how to get it to them efficiently. It takes A LOT of time and effort.



